Remember the time when you found it hard to find a company that will give you a credit card account despite your bad credit history? Do not waste the opportunity given to you by the issuer by not keeping your bad credit card current. Keep your purchases low to be able to pay them as they come due. Overspending and exceeding your credit limit leads to extra charges and increases chances of not being able to repay your dues in full.

The first reason why your bad credit card debts should be paid on time is, of course, because you want to improve your credit score and history. By being conscientious in remitting your payments, your score is also going up by the month. In not time at all, you could find yourself becoming eligible for regular credit. Aside from rebuilding your reputation, there are other more pressing concerns for you to know. Missing payments or only paying the minimum required payment can lead to serious financial problems later on. Avoid incurring interest fees and charges as much as possible.

As you know, most credit card debts for people with bad history will incur a 9.9% interest once you are not able to pay for the present amount due. You can escape penalties but that still leaves you with a capital and interest to pay. Say, you did not pay $500 in credit. Next month, that would become $549.50 on top of the other payables. That interest could have been used to buy some groceries. Now, if you have availed of the cash advance feature of your bad credit card, that in itself already costs you high charges. Your inability to repay the issuer will accrue interest on the cash withdrawn on top of its usual charges. If you totally missed out on payment, what will that cost you? Expect to see in your next monthly bill the unpaid capital, interest, late payment, and charges. Moreover, this will reflect negatively on your credit record.

Since you have a bad credit card, issuers are likely to increase the interest rates if you missed out on two successive billing periods, or two periods within a six months. From 9.9%, your interest rate could go up to 20%, which is a big ouch for you. Imagine having to pay $100 in interest for every $500 of purchase! That is too much to pay for being delinquent. Thus, give importance to paying your dues in full and on time.